NOTE: This property is now sold. We had 20 all cash offers. Final sales price was $1,100,000. Leaving the page active as a reference for future buyers and sellers. Ever wonder what the lowest cost home in South Pasadena looks like? Well wonder no more because 1636 Meridian Avenue in South Pasadena is listed at just $699,000. This is a 2 bedroom, 2 bath single family home. It measures 1,158 square feet and sits on a lot of 5,743 according to the assessor’s records.
Why is this the lowest priced home in South Pasadena for the past 4 years? It needs major repairs and there was a death on the property. To be clear, the condition is very rough. There are leaks in the roof that have collapsed the ceiling in one of the bedrooms. The floors are cracking due to age and deferred maintenance. The paint is peeling and several of the windows are broken. For security there is plywood over all of the windows. It is also located on a main street (Meridian Avenue). Check out the video below for details.
There are a few plusses to the property as well. The lot is rectangular and there are large flat areas for possible expansion of the living space – or perhaps to add an ADU. The structure was built in 1950 and has characteristic mid-century modern styling. There is an extra large garage with 2 separate entrances and 2 workshop areas. The electrical panel is new and there is a new water heater. The foundation looks to be in good shape for the age of the home.
While the price is attractive, this is definitely a large project. This property is best suited for those who are familiar with restoring, remodeling or tearing down structures. I expect it will be purchased by a developer, flipper, contractor or experienced real estate investor. It will also require additional investment to bring it back to a livable state.
If you have any interest in a South Pasadena home like this, check out the video to see more details of the property. Offers will be reviewed on Monday, March 17 at noon. Reach out to South Pasadena’s best realtor if you have any questions on 1636 Meridian Avenue.
